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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (1186)	6/2/2000 12:33:00 PM
From: Mark Z	Read Replies (1) \| Respond to of 10876

I agree with you on NOK options and I think you're wise to wait for a retracement. In fact, I was tempted to sell some this morning except that everytime I've done that it of course goes up big time <g>. Some shares I sold earlier in the year I was only able to replace after the latest tanking (NOK, like EMC, didn't really tank too bad in March/April). Are you looking at trading NOK or establishing a long term position?

To: Jill who wrote (1186)	6/2/2000 4:34:00 PM
From: t2	Read Replies (1) \| Respond to of 10876

Jill, Nokia is an interesting one. It did not have a big move today since it made major gains yesterday. One thing I would watch for on this stock is that on Monday it will probably open higher in Finland than its NYSE close. Late day NYSE gains in NOK are harder to hold since the Finnish market is closed by about 10:30 AM. I had been in the process of reducing my Nokia holdings in favor of stocks like Corning. However the other stocks I am holding have moved up in a big way. That makes NOK a great buy, again. The same logic applies to GLW, JDSU in the optical sector---thanks to SDLI. NZY July 60s (NOK) look pretty good, IMHO. The options on this one are not as expensive as some others. I think it is about $1 off its all time high. I have a feeling it will break 60 in a big way next week. The July 60 or even 65s can pay off, IMHO. BTW--Euro strengthening will also help. and...if MOT expects margins on handsets to improve, you can bet NOK's are going to stay up where they are or even improve.